Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for BALLARD POWER SYSTEMS (BLDP) for the 16-Oct-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BLDP was recently trading at $17.34 and has an implied volatility of 82.01% for this period. Based on an analysis of the options available for BLDP expiring on 16-Oct-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $17.34-$20.04 at expiration. In this scenario, the average linear return for the trade would be 64.89%. Big 8.16% Change: After closing the last trading session at $16.03, BALLARD POWER SYSTEMS opened today at $16.52 and has reached a high of $17.41. Trade approach: A movement as big as 8.16% is a significantly bullish indicator, so this trade is designed to be profitable if BLDP maintains its current direction and does not revert back to pricing on the bearish side of $17.34 on 16-Oct-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if BALLARD POWER SYSTEMS closes at or above $17.15 on 16-Oct-2020. Based on our risk-neutral analysis, there is a 53.02% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.